Advantages, sensitivity and application efficiency of the new iterative method to solve multi-objective linear fractional programming problem

In the paper we consider advantages, sensitivity and application efficiency of the new method for solving multi-objective linear fractional programming problems. The proposed method is an iterative and numerically simple method that provides a unique solution in each iteration. The obtained solution...

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Bibliographic Details
Published in:Central European journal of operations research Vol. 31; no. 3; pp. 751 - 767
Main Authors: Peric, Tunjo, Matejas, Josip, Babic, Zoran
Format: Journal Article
Language:English
Published: Berlin/Heidelberg Springer Berlin Heidelberg 01.09.2023
Springer
Springer Nature B.V
Subjects:
Agricultural production
Analysis
Approximation
Business and Management
Cooperation
Decision-making
Efficiency
Iterative methods
Linear programming
Literature reviews
Management research
Management science
Mathematical programming
Methods
Operations research
Operations Research/Decision Theory
Problem solving
Production planning
Sensitivity
Croatia
90C32
Sensitivity
Efficient solution
90-08
Iterative method
90C29
Multi-objective programming
Linear fractional programming
ISSN:1435-246X, 1613-9178
Online Access:Get full text
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Summary:In the paper we consider advantages, sensitivity and application efficiency of the new method for solving multi-objective linear fractional programming problems. The proposed method is an iterative and numerically simple method that provides a unique solution in each iteration. The obtained solution is iteratively evaluated with the possibility of coarse and fine adjustment based on aspirations and cooperation among decision makers. Some relevant examples from the literature were used to present the stated properties and advantages of the proposed method in relation to the existing ones.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
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ISSN:1435-246X
1613-9178
DOI:10.1007/s10100-023-00848-2